LONDON : Volta Trucks said on Friday that it had raised 230 million euros in Series C funding round, which will finance it through the launch of series production of its Volta Zero electric truck in late 2022.
Initial seed investor Byggmastare Anders J Ahlstrom Holding AB also participated in the funding round, which brings the total Volta Trucks has raised to around 300 million euros. Startups and traditional automakers are rushing to bring electric models to market as they face looming bans on fossil-fuel vehicles in China and Europe.
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